Accounting Problems

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Please see the attached file.
A.
The common stock value on May 31, 2002 should be 200,000 * $6 = $1,200,000. This is the par value of the 200,000 shares issued.
Add up the numbers to get the total stockholder's equity of $20,520,000.

B.
The increase in additional paid-in capital during May was $8,400,000 - $8,240,000 = $160,000.
The common stock par value entry increased by $60,000.
The total proceeds of the stock sale were thus $160,000 + $60,000 = $220,000.
The number of shares that were sold was equal to 200,000 - 190,000 = 10,000.
The price per share was thus: $220,000/10,000 = $22.

Please refer to the attachment for the questions.
Do the following:
1) Prepare Income statement for company going through a bankruptcy reorganization
2) Adjusting a company coming out of reorganization to fresh start accounting
3) Reporting of debts during liquidation
4) Distribution of assets in a liquidation
5) Payments

Intangible assets have no physical form. Patents, copyrights, goodwill, and trademarks are some examples of intangible assets.
Consider the features of intangible assets and respond to the following:
Discuss the problems you may face while accounting for intangibles.
Please post a 3-6 sentence response to the attached do

See attached article for reference.
According to NASA's former auditor, PriceWaterhouseCoopers (PWC), NASA's finances are a mess, with major errors in its last financial statements and insufficient documentation. NASA's chief of internal financial management has maintained that the problems resulted from a difficult transitio